The Turkish lira plunges to a record low after Turkey arrests pro-Kurdish opposition leaders

The Turkish lira plunged to a record low
against the dollar after Turkish authorities
arrested the leaders of the main pro-Kurdish opposition party
on Friday.

The currency is down by 1.9% at 3.1680 per dollar as
of 12:31 p.m. ET.

The yield on 10-year government bonds climbed to a more than
five-month high and Turkish equities fell the most in the world,
according to
Bloomberg data.

Citing officials, Reuters
reports that the co-leaders of the Peoples' Democratic Party
(HDP), Selahattin Demirtas and Figen Yuksekdag, were jailed
pending trial after being held in overnight raids. Other
lawmarkers were also detained, although some have since been
released.

The
FT also reports that a car bomb exploded near the courthouse
that Selahattin Demirtas, one of the co-chairs of the
pro-Kurdish People's Democratic party (HDP) who was detained, was
to be brought into later on Friday.

The arrest of elected members of parliament, and the
detention or suspension of more than 110,000 officials since a
failed coup in July, may "go beyond what is permissible", the UN
human rights office said,
according to Reuters.

Federica Mogherini, the EU's foreign affairs head,
said earlier that the bloc is very concerned by Turkey's
arrest of the leaders and MPs.

Extremely worried for arrest of @hdpdemirtas & other @HDPgenelmerkezi MPs. In contact w/ authorities Called EU ambassadors meeting in Ankara

As for the rest of the world, here's the scoreboard as
of 12:38 p.m. ET:

The US dollar
indexjumped
into the green after the final jobs report before the election,
ticking up by 0.2% to 97.34 in the immediate aftermath. It has
since retraced its gains, and is down by 0.2% at
97.01. The
latest jobs report showed that the US economy
added 161,000 jobs in October,
fewer than expected. However, the unemployment rate
slipped to 4.9% and average hourly earnings rose by 2.8%
year-over-year.

The Mexican
peso also climbed after the report, and is up by 0.5%
at 19.0779 per dollar. The currency has had a
topsy-turvy week, reacting violently to polling data on Donald
Trump and Hillary Clinton.